The Life Insurance Corporation of India (LIC), the biggest Domestic Institutional Investor (DII) which is also planning an initial public offering, made a lot of changes in its portfolio in the September quarter this year. 

During the first half of FY2021, the value of LIC’s holding surged over 40 percent, or by USD 22 billion (~Rs 1.6 lakh crore) to USD 77 billion (~Rs 5.7 lakh crore), and LIC is said to have pumped Rs 55,000 crore into the equity market since April, as against Rs 32,800 crore in the same period during the previous year.

LIC took new positions in 14 stocks – Alkem Laboratories, Bajaj Finance, Bandhan Bank, Berger Paints, Birla Tyres, Central Bank Of India, Eicher Motors, HDFC Asset Management Company, Jaiprakash Associates, Lux Industries, Shriram Transport Finance Company, Indian Hotels Company, Ramco Cements, and UTI AMC.

On the other hand, they exited their positions in Alok Industries, Amtek Auto, Arvind Fashions, Bank of Baroda, Bayer CropScience, BEML, and Bombay Wire Ropes.

LIC also increased its stake in 68 companies. It includes Amara Raja Batteries, Ashok Leyland, Bajaj Auto, Bata India, Bharat Dynamics, Bharat Forge, Bharti Airtel, Bharti Infratel, Coal India, Colgate-Palmolive, Engineers India, Exide Industries, GAIL (India), Glenmark Pharmaceuticals, Havells India, and Sun Pharma.

LIC reduced stake in 68 stocks including ABB Power, ACC, Aditya Birla Capital, Apollo Hospitals Enterprise, Asian Paints, Bank Of India, Bank Of Maharashtra, Century Textiles, Cipla, CRISIL, Dabur India, Dr. Reddy’s Laboratories, GTL Infrastructure, Gujarat State Petronet, HPCL, Indian Overseas Bank, Infosys, M&M, Maruti Suzuki, MSTC, Oriental Carbon & Chemicals, Spencers Retail, and Tamil Nadu Newsprint & Papers.

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